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CHINA SOLAR ENERGY HOLDINGS LIMITED

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(Incorporated in Bermuda with limited liability)

(Stock Code: 155) RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR, MEMBER OF THE AUDIT COMMITTEE, THE REMUNERATION COMMITTEE AND THE NOMINATION COMMITTEE

The board of directors (the "Board") of China Solar Energy Holdings Limited (the "Company") announces that Mr. Gu Yizhong ("Mr. Gu") has tendered his letter of resignation and resigned as an independent non-executive director of the Company with effect from 31 October 2014 due to his personal development and his other business engagements which require more time for his dedication. Mr. Gu also resigned as the member of each of the audit committee (the "Audit Committee") of the Company, the remuneration committee (the " Remuneration Committee ") of the Company and the nomination committee of the Company, all with effect from 31 October 2014.
Mr. Gu has confirmed that he has no disagreement with the Board and that there are no other matters relating to his resignation which needs to be brought to the attention of the shareholders or creditors of the Company, and that he has no claims against the Company whether by way of compensation, severance payments, expenses, damages or otherwise.
The Board would like to express its sincere gratitude to Mr. Gu for his contribution during his term of office with the Company.

* For identification purpose only

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Following the resignation of Mr. Gu:
(1) the number of the Audit Committee members falls below the minimum number as required under Rule 3.21 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"); and
(2) the Company fails to comply with the requirements under Rule 3.25 of the Listing Rules which requires the Remuneration Committee must comprise a majority of independent non-executive directors of the Company.
The Company is endeavouring to identify suitable candidates to fill the vacancies as soon as practicable and within three months from the effective date of Mr. Gu's resignation as required under Rule 3.23 and Rule 3.27 of the Listing Rules.
Further announcement(s) will be made by the Company in relation to such appointments as and when appropriate.
By order of the Board

China Solar Energy Holdings Limited Sun Yanfeng

Acting Chairman

Hong Kong, 31 October 2014

As at the date of this announcement, the executive Directors are Mr. Yeung Ngo, Mr. Yang Yuchun, Ms. Jin Yan, Mr. Sun Yanfeng, Mr. Guo Lijie and Dr. Antonio Maria Santos; the non-executive Director is Mr. Li Jian and the independent non-executive Directors are Mr. Yin Tat Man, Mr. Liu Junhai, Mr. Ding Aiguo, Mr. Kong Xiaofeng, Mr. Lum Chor Wah Richard, Mr. Tam Kin Yip and Mr. Chong Yiu Kan, Sherman.

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